Sing Swee Bee & Gabadi to Enter Small-Scale LNGV Market (Business Times)
Singapore’s largest cryogenic equipment provider has tied up with the first outfitter licensed by leading liquefied natural gas (LNG) tank technology provider, Gaztransport & Technigaz (GTT) to pursue construction and repairs of LNG Vessels (LNGVs).
Link to Article
30 November 2016
This came within two months from IE Singapore’s call on oilfield services companies to position themselves to tap opportunities in the adjacent LNG market.
Private-owned Sing Swee Bee (SSB) and Spain’s Gabadi S.L. signed a 50:50 joint venture (JV) agreement on Tuesday at Offshore Southeast Asia 2016 (OSEA 2016). The joint venture, to be set up with an initial startup capital of S$3 million, aims to secure tank construction tired to demand for small-scale LNGVs in South-east Asia, Australia and New Zealand. The partners will also team up for retrofitting and repairs of LNGVs in these regions.
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